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Polaris Bank partners MOJEC on pre-paid meter roll out

Tokunbo Abiru
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Polaris Bank has reiterated her commitment to the success of the Meter Acquisition Partners (MAP) Project by ensuring that the acquisition of pre-paid meters by Nigerians is seamless.
Managing director/CEO of the bank, Tokunbo Abiru, gave this indication at the signing ceremony of a memorandum of understanding (MoU) with Mojec, a leading meter manufacturing company, at the bank’s headquarters in Lagos on Tuesday.
Abiru, who was represented by the executive director, Technology and Services, Innocent Ike, said, “Polaris Bank is pleased to be partnering with Mojec International to support consumers on the meter acquisition scheme; our Bank will be facilitating the acquisition of these meters by granting loans to eligible customers under the Programme.”
He applauded the commitment of the regulators and partners in the public electricity value chain towards ensuring that the pre-paid meters are made available and affordable.
Giving further insight into the bank’s involvement in the MAP project, the banker said; “Some of the advantages of using prepaid electricity meter is that it enables consumers determine their level of consumption, manage their cash flow and allocate costs appropriately.”
Also speaking, Abdullahi Mohammed, the bank’s executive director, Abuja and Northern Region, assured Nigerians of the readiness of Polaris Bank to “leverage our wide branch network in Abuja and the whole of the Northern region to enable the roll out of the pre-paid meters.”
Earlier in their remarks, the Mojec chairperson and managing director, Mojisola Abdul, and Chantelle Abdul, spoke of how supportive Polaris Bank had been to the growth and success of Mojec in over a decade. They noted that with the signing of the MoU, they were confident that Polaris Bank would support Mojec to meet the expectations of Nigerians under its Bank Consumer and Retail Financing Scheme for MAP meter acquisition.
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